The glamour model purchased the car because she thought it would make a great present for her 18-month-old in 15 years' time.
"I have just spent a fortune customising a pink Beetle and have given it Lamborghini wheels," she told the Daily Mirror. "It's totally over the top but it will be great for Princess when she drives!"
The star added that she got the inspiration to buy the vehicle from socialite Paris Hilton.
"Paris Hilton has such an amazing Bentley. We had such a good time partying in London last year, I will definitely be calling her when we get to Los Angeles."
Price and her husband Peter Andre are preparing to move over to America for three months to film a new ITV2 reality series.